After the use of land must be fully considered in advance and deal with problems. closing costs must be considered for the medium to long term financing and. Thorough analysis of profitability. You will need to check the operation of nearby competitors. Management will discuss the end of the building. In some cases you will need to contract with a professional management company. Thorough simulation is required if the problem or be unhappy. Guidelines for management of buildings and tenants and residents survey the market for rental housing if the building, interior design has been considered in the current recovery.